Each month we compile the numbers for many of the communities of Niagara and Erie Counties. Every once in awhile I like to look at these numbers in a slightly different way, by price range. Looking at sales and listings in a variety of ways assist you in understanding what is happening in the Real Estate market.
Forbes names Buffalo one of the 25 strongest housing markets, yes there are still foreclosures but not like the rest of the country. In fact well priced homes are selling above asking price and with multiple offers. If you are a buyer and you see a home that you like and you know it is priced well and you want the home, you need to bring a good offer or risk the home selling to another savvy buyer.
How to get a great Real Estate Deal in Western New York!I hear it on a regular basis from Western New York Buyers: “I want a Great Real Estate deal!” Makes you think of the popular TV game show “Let’s Make A Deal!” There sometimes you get a flashy sports car, and sometimes you left with his and her bicycles or worse. Much like the For Sale by Owners, WNY Buyers that try to go it alone without [...] |
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In this report, I used the ranges based on the listing price, all numbers regarding sales are based on the actual sold price of the homes for sale in the listing price point.
Current Market Conditions by Price Range
December 21, 2010 – Western New York – Erie & Niagara Counties
Homes over a Million Dollars
- There are
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Listing # B367357
 $2,290,000 4 bd/6 ba
Evans
637 Larkin Rd Sq Ft: 5310 Acres: 14.63
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Listing # B356370
 $1,900,000 6 bd/7 ba
Clarence
5130 Rockledge Dr Sq Ft: 9113 Acres: 0.66
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Listing # B371501
 $1,950,000 6 bd/7 ba
Clarence
4825 Goodrich Sq Ft: 9332
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Listing # B367346
 $1,299,000 5 bd/8 ba
Amherst
28 Beresford Ct Sq Ft: 9150 Acres: 2.00
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Listing # B373402
 $1,100,000 5 bd/4 ba
Lockport-town
4763 Townline Rd Sq Ft: 5500 Acres: 6.70
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Listing # B373516
 $1,200,000 4 bd/5 ba
Elma
35 Pinegrove Ct Sq Ft: 5879 Acres: 4.40
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Listing # B369074
 $1,050,000 4 bd/5 ba
Orchard Park
10 Mourning Dove C… Sq Ft: 5489 Acres: 0.78
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Listing # B375556
 $1,199,900 5 bd/6 ba
Clarence
5135 Rockledge Dr Sq Ft: 4962 Acres: 0.49
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Homes listed for $751,000 – $999,000
- There are
Homes listed for $501,00 – $750,000
- There are
Homes Listed for $251,000 – $500,000
Homes listed for $151,000 – $250,000
- There are
Homes listed for $51,000 – $150,000
- There are
Homes listed under $50,000
- There are
Past Market Reports
September 7, 2010 – Western New York – Erie & Niagara Counties
Homes over a Million Dollars
- There are 27 active listings with an average list price of $1,563,137 ranging from $1,050,000 to $2,500,000
- There are 2 pending/under contract sales and no closed sales in the past 30 days
- YTD there has been 4 closed sales with an average sold price of $1,132,250 spending an average of 140 days on the market
- Highest closed $1,425,000 – 238 days on the market
- Lowest closed $940,000 – 35 days on the market
- 75% closed sales were on the market greater than 120 days
Homes between $751,000 – $990,000
- There are 33 active listings with an average list price of $863,174 ranging from $759,000 and $999,000
- There are 2 pending/under contract sales and no closed sales in the past 30 days
- YTD there has been 1 closed sale for $849,900 spending 103 days on the market
Homes between $501,000 – $750,000
- There are 116 active listings with an average list price of $610,000 ranging from $510,000 and $750,000
- 43.97% of active listings have been on the market longer than 120 days
- There are 15 pending/under contract sales and in the past 30 days there has been 8 closed sales with an average sold price of $551,150 spending an average of 74 days on the market
- YTD there has been 48 closed sales with an average sold price of $577,252 spending an average of 93 days on the market
- Highest closed – $735,900 – 1,101 days on the market
- Lowest closed – $450,000 – zero days on the market
- 39.58% of the closed sale sold under 30 days
Homes between $251,000 – $500,000
- There are 720 active listings with an average list price of $337,253 ranging from $254,000 to $499,951
- There are 175 pending/under contract sales and in the past 30 days there has been 40 closed sales with an average sold price of $312,448 spending an average of 94 days on the market
- YTD there has been 476 closed sales with an average sold price of $311,826 spending an average of 71 days on the market
- Highest closed – $530,000 – 745 days on the market
- Lowest closed – $155,000 – zero days on the market
Homes between $151,000 – $250,000
- There are 600 active listings in this price range with an average list price of $195,127 ranging from $151,000 and $309,900
- There are 287 pending/under contract sales and in the past 30 days there has been 94 closed sales with an average list price of $101,936 spending an average of 62 days on the market
- YTD there has been 1112 closed sales with an average sold price of $186,747 spending an average of 62 days on the market
- Highest closed – $410,000 – 510 days on the market
- Lowest closed – $128,000 – zero days on the market
Homes between $51,000 – $150,000
- There are 1,968 active listings with an average list price of $105,452 ranging from $51,900 and $220,000
- Ther eare 797 pending/under contract sales and in the past 30 days there has been 154 closed sales with an average sold price of $101,936 spending an average of 59 days on the market
- YTD There has been 2,809 closed sales with an average sold price of $101,161 spending an average of 54 days on the market
- Highest closed – $177,500 – 569 days on the market
- Lowest closed – $28,500 – zero days on the market
Homes under $50,000
- There are 572 days on the market with an average list price of $33,682 ranging from $5,000 to $80,000
- There are 194 pending/under contract sales and in the past 30 days there has been 41 closed sales with an average sold price of $25,502 spending an average of 87 days on the market
- YTD there has been 588 closed sales with an average sold price of $27,358 spending an average of 78 days on the market
- Highest closed – $68,016 – 765 days on the market
- Lowest closed – $2,000 – zero days on the market
